ISLAMABAD: The federal government on Friday announced new petrol and diesel prices for the next fortnight, ARY News reported.According to a notification issued by the Ministry of Finance, the price of petrol will remain unchanged at Rs264.61 per litre, while high-speed diesel has been reduced by Rs12.84 per litre to Rs272.99.Petrol Price in Pakistan- Latest UpdatesThe notification further stated that the price of kerosene oil has been cut by Rs7.19 per litre, bringing it down to Rs178.27, while light diesel has been reduced by Rs8.20 per litre to Rs162.37.Petrol Price in Pakistan TodayPrices w.e.f 16-August-2025Fuel TypeOld PriceNew PriceDifferencePetrol (Super)PKR 264.61264.610High Speed DieselPKR 285.83272.99-12.84Light Speed DieselPKR 170.36PKR 162.37-8.20Kerosene OilPKR 185.46PKR 178.27 -7.19 Read More: Petrol, diesel levy ‘increased’ by Rs 2.50/liter in PakistanEarlier, the government raised the petroleum levy, depriving public of complete relief, ARY News reported on Saturday.According to sources, the levy on petrol and diesel has been increased by Rs. 2.50 per litre. The levy on diesel has been raised from Rs. 74.51 to Rs. 77.01 per litre.Additionally, the freight margin on diesel has been increased by Rs. 0.20 per litre, bringing it to Rs. 6.24 per litre. For petrol, the levy has been hiked from Rs. 75.52 to Rs. 78.02 per litre.Sources also indicate that a climate support levy of Rs. 2.50 per litre has been imposed on both petrol and diesel. The dealers’ margin for both petrol and diesel has been set at Rs. 8.64 per litre, while the distributors’ margin is fixed at Rs. 7.87 per litre. The sales tax rate on petrol and diesel remains at zero.